1625 Center Way S
BirminghamAL35205
Cheap Homes for Rent in Homewood, AL from $700 (26 Rentals)
Search the lowest-cost Homes available for rent right now in Homewood.
1228 Tuscaloosa Ave
BirminghamAL35211
916 14th St SW
BirminghamAL35211
1782 McMillon Ave
BirminghamAL35211
820 Beacon Pky E, Unit D, Unit D
820 Beacon Pky E
BirminghamAL35209
820 Beacon Pkwy E
BirminghamAL35209
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$8602 Bedroom Apartments Available Now
1100 Cotton Ave SW, Unit b
1100 Cotton Ave SWBirmingham, AL 35211
1508 Dennison Ave SW
BirminghamAL35211
1520 17th Way SW
BirminghamAL35211
3350 Altamont Rd, Unit E11, Unit E11
3350 Altamont Rd
BirminghamAL35205
1502 16th Ave S
BirminghamAL35205
55 Hanover Cir
BirminghamAL35205
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
2990 Rhodes Cir S
BirminghamAL35205
57 Hanover Cir
BirminghamAL35205
40 20th Ave S
BirminghamAL35205
224 E Ann Dr SW
BirminghamAL35211
417 Skyview Dr
BirminghamAL35209
12 4th Ave S
BirminghamAL35205
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
1698 Cleburn Ave
BirminghamAL35211
1624 Mims St SW
BirminghamAL35211
840 Beacon Pkwy E
BirminghamAL35209
856 Center Way SW
BirminghamAL35211
806 Gamma St S
BirminghamAL35205
506 Alpha St S
BirminghamAL35205
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
1627 Center Way S
BirminghamAL35205
1698 Dennison Ave SW
BirminghamAL35211
Showing Results 1-26, Page 1 of 1
Homewood, AL Local Guide
How much does it cost to rent a home in Homewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Homewood 2 Bedroom Homes for Rent | $1,753 | $800 | $3,800 |
| Homewood 3 Bedroom Homes for Rent | $1,856 | $825 | $3,500 |
| Homewood 4 Bedroom Homes for Rent | $2,397 | $1,300 | $4,300 |
| Homewood 5 Bedroom Homes for Rent | $2,534 | $1,175 | $3,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Homewood
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Homewood, AL Local Guide
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Cheapest Available Homewood Apartments for Rent and Nearby
The cheapest available apartment rental in Homewood, AL is a Studio unit found at University Ridge Apartments in the Smithfield neighborhood priced from $625. Pointe Arlington in the West End neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Homewood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Ridge Apartments | Studio | Studio,1BA | $625 |
| Pointe Arlington | 1/1.00 | 1BR,1BA | $700 |
| Terrace Apartments | Studio 1 Bath - Ground Level | Studio,1BA | $715 |
| Tower on Tenth | Five Points | Studio,1BA | $735 |
| The Cordelle | Studio Apartment, Ground Level, Corner | Studio,1BA | $737 |
| 614 1st St S | 1BR/1BA | 1BR,1BA | $750 |
| Element 26 | 1x1 [1st Floor, Street Facing] | 1BR,1BA | $768 |
| Carlisle Terrace | Studio Apartment, Type B, Courtyard Facing | Studio,1BA | $773 |
| Cliff Place | 1 Bedroom / 1 Bathroom Apartment, Top Level | 1BR,1BA | $774 |
| The Hillside Apartments | 1 Bed / 1 Bath | 1BR,1BA | $775 |
Best Value Apartments for Rent in Homewood, AL and Nearby
As of May 14, 2026 the best value apartment in the Homewood area is the $0.94 price per square foot 3 Bedroom 2 Bath Model at Branchwater in the in the Hoover Vestavia Hills neighborhood starting from $1,599. The second greatest value Homewood apartment is the 1425 13th St S Model at 1425 13th St S, Unit A starting at $1,450 with a $1.06 price per square foot in the Woodland Park neighborhood. Here is today’s list of the best values for Homewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Branchwater | 3 Bedroom 2 Bath | 3BR,2BA | $0.94 |
| 1425 13th St S, Unit A | 1425 13th St S | 2BR,1BA | $1.06 |
| Places at Red Rocks | 2 Bedroom | 2BR,1BA | $1.04 |
| Shadesmont Apartments | 2 Bed / 2 Bath | 2BR,2BA | $0.98 |
| Hickory Knoll | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.07 |
| Terrace Court | 1x1 [2nd Floor] | 1BR,1BA | $1.09 |
| Beacon Pointe Apartments | 2 Bed/2 Bath | 2BR,2BA | $1.06 |
| The Marshall on 5th | 2BR/2BA - B2 | 2BR,2BA | $1.09 |
| Lakeview | 1 Bedroom/ 1 Bathroom | 1BR,1BA | $1.10 |
| The Richmond | 1.5 Bedroom / 2 Bathroom Apartment, B | 1BR,2BA | $0.99 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Best Local Schools in Homewood, AL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Homewood, AL Rentals by Map
See the most popular apartments and homes in Homewood, AL
Frequently Asked Questions about Homewood
What type of rentals are currently available in Homewood?
There are currently 468 Apartments for Rent in Homewood, AL with pricing that ranges from $625 to $14,545. There are also 142 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homewood ranging from $700 to $4,300.
What is the current price range for Rental Homes in Homewood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Homewood ranges from $700 to $4,300 with an average monthly rent of $1,984.
How much are larger Three and Four Bedroom Rentals in Homewood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Homewood range from $900 to $3,259, while Three Bedroom Homes, Condos, and Townhomes for rent range from $825 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $785.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
Birmingham Neighborhood Breakdown: Where to Find the Cheapest Rent Without Sacrificing Livability
Written by: Larry Allen
Hi. Larry Allen here, your ApartmentHomeLiving.com Local Expert for Birmingham, AL.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.